Personally I feel the October period is critical, as the most change has to occur. Given we are targeting large assets they will be held by larger organisations that must be planning for the revaluation. Accordingly I would expect our team to be very busy right now. To my mind this is as good as it gets.
Importantly OPEC meets in December - a significant price variable, but given we have allot of smart people involved I would again expect that we know today what our planned oil price must be.
A mate of mine, a fellow holder put it pretty well to me though - "mate the trouble is I am over it but I don't want to sell it on the first day it ever goes up after so long going down!!"
FDM Price at posting:
8.9¢ Sentiment: Hold Disclosure: Held
